The Horse Racing Tip

As mentioned yesterday on day one of this blog I received a horse racing tip from a new friend I met while enjoying a beer and the scenery at a Pattaya Beer Bar in Thailand.

His horse racing tip: bet Majuro to lose in tomorrow’s race at Southwell.

So I opened an account at Betfair.com as he advised using the promo code BTE111.

With that code I could receive a free bet up to 25 pounds.

So here are the results:

2009-01-20 09:41 7028793276 2009-01-20 07:25 GB Sthl 20th Jan / 09:30 7f Hcap
Comm Charged 5% On Net winnings of CAD45 - - - (2.25) 141.25

2009-01-20 09:41 7028793275 2009-01-20 07:25 GB Sthl 20th Jan / 09:30 7f Hcap /
Nightjar Back 4.50 10.00 Won 35.00 143.50

2009-01-20 09:41 7028793276 2009-01-2007:25 GB Sthl 20th Jan / 09:30 7f Hcap /
Majuro Lay 2.68 10.00 Won 10.00 108.50

I deposited $100.00 Canadian and after all commissions and fees my balance is now $141.25

Because of the free $25 pound bet I did not follow proper betting form. I bet over 35% of my $100 stake on one race.

Not only did I lay down on Majuro (bet that the horse would lose) but I also bet on the next favourite to win, Nightjar.

All in all a good day at the races.

However I seriously violated safe betting rules by exposing so much of my stake on one race.

In a future post I will explore safe betting rules if you are serious about earning a second income using my suggested horse racing system.